The regulator decided to temporarily restrict the company's activities starting November 10, 2026. According to the National Bank, this decision was made based on a resolution by the Supervision Committee regarding violations of the legislation of the Kyrgyz Republic and the regulator's normative legal acts.
Which licenses are restricted
Two licenses issued to the organization back in February 2022 were affected by the resolution. The suspension concerns the company's operational activities in the field of payments and financial information processing.
Decision details
Despite the resolution, the regulator did not disclose the specific reasons or the nature of the violations that led to these measures. The National Bank's official statement lacks details regarding which specific norms were violated by the company.
What we know
- Suspension of two Flash Pay LLC licenses
- The duration of the restrictions is three months
- The decision took effect on November 10, 2026
What is not yet known
- Specific reasons and nature of legal violations
Context
The head of Flash Pay LLC is Berdibek kyzy Jenishgul. The company's founders are Akmatov Aibek Iskenderovich and Irina Alekseevna Zinchenko, Chairperson of the Management Board of OJSC FinanceCreditBank.
